The Asian Development Bank (ADB) has approved a policy-based loan in the amount of USD 250 million to support the efforts of the Government of Uzbekistan to strengthen the institutional framework for climate transition, strengthen links and interaction of priorities for climate change adaptation and accelerate climate change mitigation measures.
By the decision of the Board of the Central Bank of the Republic of Uzbekistan (reg. No. 3283-1 of 11/14/2024), amendments were made to the Regulation on the maximum amount of risk per borrower, including persons associated with the bank or a group of interrelated borrowers (Reg. No. 3283 of 10/29/2020).
The gold and foreign exchange reserves of the Central Bank of Uzbekistan increased by $ 2.0 billion in October and reached $ 43.1 billion. In particular, foreign currency reserves increased from $8.7 billion to $9.2 billion (in September they grew from $8.2 billion to $8.7 billion).
Since the beginning of the year (as of October 29), 717.8 billion soums of cashback have been paid to consumers for 701.1 million checks. Of these, almost 87 billion soums were issued in September.
The Shanghai Cooperation Organization (SCO) is studying the creation of a single internal payment system in an informal format. This was stated by the Secretary General of the organization Zhang Ming.
The Ministry of Economy and Finance has submitted a draft law on the State Budget of the Republic of Uzbekistan for 2025. It is noted that the draft state budget for 2025 and the budget goals for 2026-2027 were developed based on the forecast of the main macroeconomic indicators.
The Central Bank of Uzbekistan held a meeting with representatives of the National Corporation of the Payment System of India - NPCIL.
During the visit of the delegation of Uzbekneftegaz JSC to the UK, the last meeting was held with representatives of Standard Chartered, ICBC Standard Bank, Citi, Deutsche Bank, Barclays and MUFG banks. The issues of attracting new credit funds were discussed at the meeting.
By Decree (UP No. 159 dated 10/16/2024), amendments and additions were made to some acts of the President of the Republic of Uzbekistan.
As part of the Cyber Security summit 2024 event in Tashkent, a memorandum of understanding was signed between the Central Bank of the Republic of Uzbekistan and the Central Asian Fintech Association.
